I Have No Debt

I Have No Debt

I remember growing up and having this conversation with my father when I was about 7 or 8 years old. I asked why do I have to do all this yard work and it’s Saturday? My father’s reply was simple, “you have to pay your bills”. I was baffled as I thought to myself I don’t have any bills. Which I replied and soon regretting my reply, I asked him what bills? Well, I am sure I don’t have to tell you how long I had to stand there getting that lecture about the roof over my head, the food on the table every day, and the warm water to bath in.

Today I am a father of three but yet I find myself having this same similar conversation with no only my kids but with adults my age nearly every week. Part of the pre-qualification process is asking people what does your month debt load look like. Continue reading

Desire of Homeownership

Desire of Homeownership

Desire has a funny face, some people have a strong desire to want something, like a toy, car or home while others want something different like control and power. Looking back,  how I grew up was quite different from my cousins who lived across the street from me and yet somewhat different from even my own brother who had the same parents living in the same home.

My parents each worked multiple jobs most of their lives. My mother worked in a factory and also cut hair 3 days or nights per week. While my father worked two or three jobs most often changing jobs ever few years out of frustration. He also complained about being capped on his abilities or pay while my mother worked at the same two jobs for over thirty years.

Thinking about my parents, it’s easy to look back now and see why my brother has worked at the same place for over 35 years. On the other hand, Continue reading

Independence Day

Independence Day

A King rules his kingdom as the supreme ruler. He can give and take it away. To have a home and land was one thing, but to lose it because someone thought it more fitting for it to be theirs was not too long ago out of the question. Imagine working most of your life to achieve such a goal of home ownership only to have it stripped away in a single moment. Continue reading

Market Slow Down, What?

Market Slow Down, What?

We always get reports on what the market is doing. These reports come from NAR (National Association of Realtors) the MBA, (Mortgage Bankers Association), NAMB, (National Association of Mortgage Brokers), we get reports for Builder Associations, this association and that association. Sometimes I wonder who is really doing the numbers because sometimes it just does not really add up.

Most often these reports come from Continue reading

Government Debts Don’t Disappear

Government Debts Don’t Disappear

Not a popular subject but the possibility or potential of being involved with a government debt exists for almost every one of us. To think it’s not, is a tough way to learn this, just as you are about to purchase your dream home. Whatever the cause or reason you believe those old government debts went away, they didn’t.

What are government debts?

Directly or indirectly, the most common government debts we see are Continue reading

Understanding Your Income

Understanding Your Income

Income is still one of the most difficult things for a consumer to understand; what of their income is considered qualifying income for their debt to income ratios. This is not as simple as saying ok, “I make $15 per hour and work 40 hours per week”. That sounds so simple but may not be. This can be Continue reading

More Than Today

More Than Today

I have always had in the back of mind what my goals and dreams were. Unlike most, mine are written down and have been part of my long term business plan. I meet with many people every month and have a full view of most everyone’s financial picture. Although people are very different, and we’re as different as each other’s finger prints, most people break down into just a few different types when comes to people who are ready to retire.

Some are Continue reading

It’s Just Sneaky

It’s Just Sneaky

Do you remember when you were a kid and you did a paper or drawing at school and when you got home, your mother would put it on the refrigerator for all your family and friends to see. There is no doubt your mom was proud of you and she wanted the world to know that. She maybe wanted to encourage you to continue to do good work. Maybe the deeper meaning was to teach you as you grew older that if your work was always good enough you should put your name on it for everyone to see.

I know many of us receive letters or postcards in the mail. The mail looks like a check or a notice from your mortgage lender, but Continue reading

Paper Versus Electronic

Paper Versus Electronic Documentation

It’s funny how we all see things, as a man in his mid-fifties who has been married thirty years, I still never see myself as old – although my kids do! I just think some of my joints have worn out way before their time. I mean, if you live in my community there are people over 100 years old still driving themselves around town. This can make anyone my age feel very young.

After all, I do consider my myself a pretty healthy guy with a little extra coating around the midsection to help keep me warm, oh forget that, I live in Florida. No really, I am pretty healthy especially for my age but recently I have had to make a few trips too many to the VA hospital. Something popped up that gave me a little concern and reminded me that we are all still vulnerable no matter how strong or healthy we think we are.

My point is, after looking around the hospital Continue reading

DIY Mortgages

DIY Mortgages

“Do It Yourself” mortgage loans? Nope I don’t think so. They are almost in existence. Today it’s easy to find places on line to apply on line. Even my business website even has an “Apply Now” button. But what is the difference between  applying on line and completing a full loan approval on line without ever talking to someone.

I remember as a kid my Grandfather complaining about all the stupid people who were purchasing stuff from the “Sears Catalogue”. He would say why don’t you just go down to the store. See what you’re actually going to buy. Check out and verify the Continue reading